Tungsten Investing News

Largo Resources Closes Second Tranche of Private Placement

Researcher — Thu, 11 Mar 2010 03:44:35 +0000

Largo Resources Ltd. (TSX VENTURE:LGO) reported that further to its press release dated March 8, 2010, the company has completed the second tranche of its previously announced private placement of 13,636,364 special warrants of the Company, at a price of $0.22 per Special Warrant, for gross proceeds of approximately $3,000,000.

The press release is quoted as saying:

Largo Resources Ltd. is a Canadian natural resource development and exploration company with two advanced stage projects: the Maracas Vanadium-PGM deposit in Brazil and the Northern Dancer Tungsten-Molybdenum deposit in the Yukon. The company is listed on the TSX Venture Exchange under the symbol LGO.

Click here to access the entire press release

Click here to access Largo Resources Corporate Site

Woulfe:Positive Results from Its Sangdong Scoping Study

Researcher — Tue, 09 Mar 2010 22:28:36 +0000

Woulfe Mining Corp. (TSX VENTURE:WOF) reported the completion and release of its Scoping Study for the Sangdong Property re-establishment project in Gangwon Do province, South Korea.

The press release is quoted as saying:

Woulfe Mining (formerly Oriental Minerals) is focused on a portfolio of mining leases in South Korea consisting of mines closed during the downturn in metal prices, followed by Asian financial crisis. The flagship Sangdong Mine was a significant producer of tungsten and molybdenum up to its closure in 1992.

Click here to access the entire press release

Click here to access Woulfe Mining Corporate Site

Largo Resources Closes Private Placement Financing

Researcher — Tue, 09 Mar 2010 22:17:10 +0000

Largo Resources Ltd. (TSX VENTURE:LGO) reporte that it has completed the first tranche of its previously announced private placement of 22,727,273 special warrants of the Company, at a price of $0.22 per Special Warrant, for gross proceeds of approximately $5,000,000.

The press release is quoted as saying:

Largo Resources Ltd. is a Canadian natural resource development and exploration company with two advanced stage projects: the Maracas Vanadium-PGM deposit in Brazil and the Northern Dancer Tungsten-Molybdenum deposit in the Yukon. The company is listed on the TSX Venture Exchange under the symbol LGO.

Click here to access the entire press release

Click here to access Largo Resources Corporate Site

Adex: Pilot Plant Testing of Processing Options

Researcher — Thu, 04 Mar 2010 20:54:24 +0000

Adex Mining Inc. (TSX VENTURE:ADE) reported that it continues to move forward with confirmation of the process development options outlined in its recently filed National Instrument 43-101 compliant preliminary assessment report on the North Zone of its wholly-owned Mount Pleasant Mine Property.

The press release is quoted as saying:

Adex Mining Inc. is a Canadian junior mining company with an experienced management team. The Company is focused on developing its flagship Mount Pleasant Mine Property, a multi-metal project that is host to promising tungsten-molybdenum and tin-indium-zinc-copper mineralization. Located in Charlotte County, New Brunswick, the Mount Pleasant Mine Property is situated approximately 80 kilometres south of Fredericton, the provincial capital, and is 65 kilometres from the United States border.

Click here to access the entire press release

Click here to access Adex Mining Corporate Site

Geodex Announces Advisory Board Appointment

Researcher — Wed, 03 Mar 2010 22:54:34 +0000

Geodex Minerals Ltd. (TSX VENTURE:GXM)(FRANKFURT:G2W) reported that Michael MacLeod, PEng, has been appointed to the Company’s advisory board.

The press release is quoted as saying:

The addition of Mr. McLeod will strengthen Geodex’s team as it advances its flagship Sisson Brook tungsten-molybdenum project in New Brunswick towards pre-feasibility with the ultimate goal of building a large, low cost mine.

Click here to access the entire press release

Click here to access Geodex Minerals Corporate Site

Cadillac’s Thierry Mine Property

Researcher — Wed, 03 Mar 2010 02:28:19 +0000

Cadillac Ventures Inc. (TSX VENTURE:CDC) provided information with respect to the past-producing Thierry Mine property, which Cadillac recently acquired through its acquisition of Richview Resources Inc. in January, 2010.

The press release is quoted as saying:

The New Alger project located outside of Cadillac, Quebec is a wholly-owned, previously producing gold mine, where the Company has entered into a joint venture agreement with Renforth Resources Inc. for a three year $2.5 million exploration program. The Burnt Hill Project is 51% owned tungsten tin project located outside of Fredericton, New Brunswick.

Click here to access the entire press release

Click here to access Cadillac Ventures Corporate Site

Tungsten as a Gold Substitute

Researcher — Sat, 27 Feb 2010 04:37:29 +0000

Safehaven reported on Tungsten as a Gold Substitute:

In early 2008 it was reported that at least some of the gold bars in the vaults at the National Bank of Ethiopia were fake. The discovery was made when bars shipped from Ethiopia to South Africa were returned after they were identified as being gilded steel.Gilded steel is a very unconvincing form of fake gold because the density of the iron alloy is significantly less. A steel bar identical in volume to the standard 400 troy ounce gold bars commonly used in bank-to-bank trades would weigh only 162.5 troy ounces (about sixty percent lighter). Anyone familiar with handling gold bars would easily identify them as fake.

Click here to access the entire Editorial

Barkerville’s 2010 Drilling Program Underway

Reporter — Wed, 24 Feb 2010 23:50:08 +0000

Barkerville Gold Mines Ltd. (TSX VENTURE:BGM)(FRANKFURT:IWUB) reported that the first phase for three of the Company’s diamond drill programs has commenced on Barkerville Mountain, Cow Mountain and Island Mountain.

The press release is quoted as saying:

The Company has been developing its Cariboo Gold Project in Barkerville, B.C., which encompasses (from northwest to south east) the former producing Hardscrabble Tungsten Mine, Mosquito Creek Gold Mine (now on care and maintenance), Aurum Mine, Island Mountain Mine, Cariboo Gold Quartz Mine, Bonanza Ledge (proposed mine), the Cariboo Thompson Gold & Silver Mine and the Cariboo Hudson Mine.

Click here to access the entire press release

Click here to access Barkerville Gold Corporate Site

Tungsten: Heavy Metal

Reporter — Sat, 20 Feb 2010 01:59:38 +0000

Seekingalpha.com reported on Tungsten: Heavy Metal :

China now dominates world primary tungsten output. The U.S. Geological Survey’s [USGS] estimates for world mine production in 2007 have China producing some 77,000 tonnes of the metal, 86% of global production.

Click here to access the entire Editorial

Cadillac Ventures closes non-brokered private placement

Reporter — Sat, 20 Feb 2010 01:33:21 +0000

Cadillac Ventures Inc. (TSX VENTURE:CDC) closed its previously announced non-brokered private placement with Trafigura Beheer, B.V. , an existing shareholder of the Company, for gross proceeds of $2.0 million.

The press release is quoted as saying:

Cadillac is a development-focused exploration Company which has the past-producing Thierry Property near Pickle Lake in Northern Ontario, two Canadian exploration projects, located in regions that have been historically active, and exploration projects in Spain.The New Alger project located outside of Cadillac, Quebec is a wholly-owned, previously producing gold mine, where the Company has entered into a joint venture agreement with Renforth Resources Inc. for a three year $2.5 million exploration program.The Burnt Hill Project is 51% owned tungsten tin project located outside of Fredericton, New Brunswick. In Spain, the Company is joint venture partner with Minas de Aguas Tenidas, S.A.U. regarding the exploration of a number of high potential properties surrounding the Aguas Tenidas Mine.

Click here to access the entire press release

Click here to access Cadillac Ventures Corporate Site